361 Degrees International Ltd. · HKEX:1361
361 Degrees International — H1 2025 Earnings Presentation
40 slides from 361 Degrees International's earnings presentation, August 2025
Slide 1: Interim Results
Interim Results 361 Degrees International Limited Stock Code: 1361.HK August 2025
Slide 2: Content
Content 1 2 3 4 5 Financial Brand Business Appendix Q&A Review Building Review
Slide 3: Disclaimer
Disclaimer These presentation slides have been prepared by 361 Degrees International Limited (the “Company”) solely for us during its presentation held in connection with its interim results for the period ended 30 June 2025 and may not be reproduced or redistributed. In particular, these presentati
Slide 4: President's Speech
President’s Speech Riding the Wave of the Sports Industry, Achieved Remarkable Results Expand into Global Markets, Leveraging Synergy Between Online and Offline Channels Prioritize High-Quality Development and Remain Committed to Delivering Long-Term Returns to Shareholders 4
Slide 5: Investment Highlights
Investment Highlights 1 Leveraging elite events and sports properties, build a comprehensive ecosystem, propelling our brand’s global influence steadily upward 2 Technology-driven innovation, powered by patent-protected technologies and environmentally friendly materials, enhances product competitiv
Slide 6: Financial Review
Financial Review “Flying Flame 4” Professional marathon racing shoes
Slide 7: Financial Highlights
Financial Highlights Revenue Revenue Total Revenue from 361º Kids from E-commerce 11% 11% 45% RMB5.70 Billion RMB1.26 Billion RMB1.82 Billion Profit Attributable to Net Cash generated from Interim Dividend Equity Holders Operating Activities Payout Ratio 9% 227% 45% RMB858 Million RMB524 Million HK2
Slide 8: Financial Overview
Financial Overview For the 6 months ended 30 June RMB mn 2025 2024 Change Revenue 5,704.8 5,141.3 +11.0% Gross profit 2,366.5 2,125.0 +11.4% Operating profit 1,137.3 1,060.4 +7.2% Profit attributable to equity holders 857.7 789.7 +8.6% Basic EPS (RMB cents) 41.5 38.2 +8.6% Profitability Ratios (%) G
Slide 9: Revenue Analysis
Revenue Analysis Revenue Breakdown 11% 5,704.8 Accessories and Shoe Soles: 294.9(5.2%) Amount: RMB mn / (% of Total Revenue) 5,141.3 Including Kids’ Accessories: 27.3 Accessories and Shoe Soles: 521.8 161.1(3.1%) 4,311.5 Accessories and Shoe Soles: 564.7 Including Kids’ Accessories: 10.3 Apparel: 15
Slide 10: Gross Profit and Gross Profit Margin Analysis
Gross Profit and Gross Profit Margin Analysis Gross Profit and Gross Profit Margin GPM of Adults Products Amount: RMB mn / % % 43.5 42.8 43.3 41.7% 41.5% 41.3% 41.3 40.1 40.2 11% 2,366.5 2,125.0 77.8 1H2023 1H2024 1H2025 47.2 213.7 1,796.5 235.9 Adults-Footwear Adults-Apparel 40.6 661.1 187.4 632.8
Slide 11: Major Operating Expenses Analysis
Major Operating Expenses Analysis % of Revenue 10.5% 10.1% 8.8% Advertising & promotional expenses 7.1% 6.7% 6.2% Staff costs (including those related to manufacturing and R&D) 3.2% 2.8% 2.8% R&D expenses 1H2023 1H2024 1H2025 Selling and Distribution Expenses Administrative Expenses For the 6 months
Slide 12: Profit Attributable to Equity Holders Analysis
Profit Attributable to Equity Holders Analysis Profit Attributable to Equity Holders Return on Shareholders’ Equity Amount: RMB mn / % % 8.8% 8.6% 8.4% 857.7 9% 1H2023 1H2024 1H2025 Dividend Payout Ratio 789.7 Amount: RMB mn / % 45.0% 40.3% 703.6 17.6% 386.0 318.4 124.1 1H2023 1H2024 1H2025 1H2023 1
Slide 13: Balance Sheet Overview
Balance Sheet Overview RMB mn As at 30 June 2025 As at 31 December 2024 Change Current assets 12,793.0 12,058.0 +6.1% Current liabilities 3,396.8 3,362.7 +1.0% Net current assets 9,396.2 8,695.3 +8.1% Equity attributable to owners of the Company 10,048.8 9,375.2 +7.2% RMB 5.1 RMB 4.8 +6.3% Net asset
Slide 14: Working Capital Cycle Analysis
Working Capital Cycle Analysis Working Capital Turnover Days 184 存货 168 Working capital 149 146 应收账款及应收票据 Trade and bills receivables 应付账款及应付票据 107 109 Inventories 整体 88 Trade and bills payables 71 FY2024 1H2025 Trade and Bills Receivables - Ageing Analysis As at 30 June 2025 As at 31 December 2024
Slide 15: Liquidity Analysis
Liquidity Analysis Cash Flow For the 6 months ended 30 June RMB mn 2025 2024 Profit before tax 1,131.9 1,052.3 Adjustment of non-cash profit and loss and items from non-operating activities 58.8 32.5 Change in inventories 222.2 (113.7) Change in trade and bills receivables (357.5) (733.7) Change in
Slide 16: Capital Strength and Resilience
Capital Strength and Resilience Financial Resources As at 30 June As at 31 December RMB mn 2025 2024 Pledged bank deposits 8.7 8.7 Bank deposits, cash and cash equivalents 4,602.8 4,254.2 Total cash 4,611.5 4,262.9 Total borrowings (Bank borrowings) (310.8) (261.2) Net cash (including bank deposits,
Slide 17: Brand Building
“JOKER1 GT” Brand Nikola JOKIĆ’s signature shoes Building
Slide 18: 361° Brand Overview
361° Brand Overview Technology-Driven Leveraging technological innovation as core driving force, 361° continuously propels high-quality corporate development, dedicated to providing consumers with high-value, professional-grade sporting products Dedicated to Brand-Focused Professional Excellence Emb
Slide 19: 361° Kids Overview
361° Kids Overview Technology-Driven Leverage technological innovation to strengthen product offerings that combine professional functionality, health technology, and kids’ fashion, creating a differentiated competitive advantage Dedicated to Brand-Focused Professional Excellence Embraces the brand
Slide 20: 361° Milestone
361° Milestone 2023 2024 以科技为内核加强产品布局，以专业功能性、健康科技性及童趣时尚性形成差异化竞争优势 2025 • Celebrating 15 years of being listed on the Hong Kong Stock Exchange • Became World Aquatics Global • Official partner of the 2023 Asian Games • Official sports apparel supplier for the World Aquatics Partner for the 2026-2029
Slide 21: Global Competitions Power Up Brand Strength
Global Competitions Power Up Brand Strength Deepen global event cooperation and enhance brand value resonance Having served as the Official Partner of the Asian Games for five consecutive times, 361° is expanding synergistic partnerships with world- class sports resources to reinforce brand’s profes
Slide 22: Deep-rooted And Accumulated Brand Resources
Deep-rooted And Accumulated Brand Resources 20251H, A&P expenses accounted for 10.1％ of the Group’s total revenue Top tier athletes and Large-scale sports events celebrities as spokespersons • Large-scale games: 9th Asian Winter Games Harbin 2025, Aichi-Nagoya • 7 basketball players: Nicola JOKIĆ, A
Slide 23: Brand's Proprietary Events Are Flourishing
Brand’s Proprietary Events Are Flourishing Full commitment to pioneering proprietary events innovations that catalyze the brand’s cross- segment expansion “3# - Track 10 “Light Up” proprietary “Women’s Fitness Gym” “Meet Up on “Swing as One” Kilometres Race” basketball event Offline activities Skate
Slide 24: Business Review
“New Skin 5.0” Women’s Training Series Business Review
Slide 25: 361° Product - Running
361° Product - Running A nationwide running community alliance has been successfully built, resulting in significant growth in professional racing products • The running category showcases the technological prowess, featuring a comprehensive four-tier professional running matrix: Top Speed, Professi
Slide 26: 361° Product - Basketball
361° Product - Basketball Focused on deepening its brand development by leveraging ambassador resources to accelerate global brand expansion • Signed Nikola JOKIĆ, Aaron GORDON, Spencer DINWIDDIE, Kentavious CALDWELL POPE, and other ambassadors • 361° collaborated with brand ambassador and internati
Slide 27: 361° Product - Training and Lifestyle
361° Product - Training and Lifestyle Exploring trends and expanding trendy offerings to attract younger audiences • Introducing the refreshed “Mini Ice-Skin 2.0” sun-protective apparel, featuring heat-blocking yarn technology. Upgrade the “New Skin” and “New Movement” series to launch a new model o
Slide 28: 361° - Sales Overview
361° - Sales Overview Sales Network 67.0% 33.0% • The group has 7,026 points-of-sale worldwide, of which 5,669 are located in mainland China Mall & department stores: 1,868 Channel Mix Street level stores: 3,801 • The average store size has reached 156㎡, reflecting 7㎡ increase from the end of 2024 •
Slide 29: 361° Kids Product
361° Kids Product Maintain the first-mover advantage in children’s sports and empower the performance upgrade of professional sports products Technological empowerment and functional enhancement • Leveraging our professional sports DNA, we lead the industry with products spanning running, basketball
Slide 30: 361° Kids - Sales Overview
361° Kids - Sales Overview 20251H, 361° Kids generated revenue of RMB1,260.8 million, accounting for 22.1% of the Group’s total turnover, representing a year- on-year increase of 11.4% Sales Network 38.9% 61.1% • The Group has 2,494 points-of-sale for 361° Kids business Mall & department stores: 1,5
Slide 31: 361° E-commerce Competitive Advantage
361° E-commerce Competitive Advantage Business Positioning • The E-commerce operates under a direct-to-consumer mode, which stimulates both online retail channel development and brand image promotion, enabling the Group to deeply understand and swiftly respond to consumer demands, while delivering c
Slide 32: 361° E-commerce Operations Overview
361° E-commerce Operations Overview 20251H, revenue from sales of online exclusive products amounted to RMB1,816.9 million, accounting for 31.8 % of the Group’s total turnover, representing a year-on-year increase of 45.0% E-commerce Product Portfolio Sustained Momentum in Online Sales • Across omni
Slide 33: Appendix
Appendix Lin Guipu Badminton Promotion Ambassador of 361° and World Junior Champion
Slide 34: Excellent Research and Development Capability
Excellent Research and Development Capability 20251H, R&D expenditure accounted for 2.8% of the Group’s total turnover • As of 30 June 2025, the Group had obtained 870 patents and employed 832 R&D personnel • By utilizing technology as the primary driver of continuous growth, 361° strives for ultima
Slide 35: Advanced Supply Chain System
Advanced Supply Chain System Advancing the new-quality productive forces empowerment system, while driving synergetic development across the supply chain Supply Chain System • Leveraging digital technologies, supply chain system centers on flexible manufacturing, technological innovation, and data-d
Slide 36: Group Recognition
Group Recognition Brand Marketing R&D • 2024 Sports Endorsement by SPORTS MONEY–Nikola JOKIĆ as one of 361º ambassadors Capital Market • Excellence Award at the 53rd (2026 Spring/Summer) Chinese Popular Fabrics • Gold Award at the 2025 MUSE Design Awards • Silver Award at the 2025 MUSE Design Awards
Slide 37: Sustainable Development
Sustainable Development l The “Furious FUTURE2” running shoes integrate 50% carbon fibre materials and l Following a magnitude 6.8 earthquake in l 361° continues to improve its Dingri County, Shigatse, Tibet on 7 governance structure and optimizes Wind ESG 30% eco-friendly yarn through innovative Ja
Slide 38: Shareholding Structure
Shareholding Structure 361 Degrees International Limited Total Number of Issued Shares (As of June 30, 2025): 2,067,682,000 Mr. Ding Mr. Ding Mr. Ding Mr. Wang Mr. Wang Public Wuhao Huihuang Huirong Jiabi Jiachen Shareholders 17.03% 16.29% 15.67% 8.16% 8.16% 34.69% 38
Slide 39: Industry Outlook
Industry Outlook Policy-driven sports consumption upgrading, with industry conferences Technology-empowered innovation leading diversified consumption setting the tone for sector development demands - The “Special Action Plan to Boost Consumption” proposes deepening multi-format - Amid evolving spor
Slide 40: Q&A
Kentavious CALDWELL POPE Aaron GORDON Brand Ambassador for the Basketball Category of 361° Brand Ambassador of 361° Nikola JOKIĆ Global Brand Ambassador of 361° Q&A Spencer DINWIDDIE Brand Ambassador of 361°
361 Degrees International — H1 2025 Earnings Presentation on 6ix